Citadel Investment Group Initiates Stake in Home Company Inc (NWHM); Raises Holding in Ralph Lauren Corp (RL)

Hedge fund Citadel Investment Group, managed by Ken Griffin, has disclosed a new stake in New Home Company Inc (NYSE:NWHM). The stake contains 917,136 shares, equal to 5.2% of the common stock. In a separate filing Citadel Investment Group, also revealed that it has significantly upped its stake in Ralph Lauren Corp (NYSE:RL) to 3.17 million shares from 1.16 million shares held at the end of the third quarter. The current holding equals 5.3% of the common stock of the company.

CITADEL INVESTMENT GROUP

New Home Company Inc (NYSE:NWHM) is a homebuilder company. Recently the company acquired The Calabasas Inn from D2 Development Inc and will build The Village at Calabasas. The company also partnered with Tricon Capital Group Inc. and will together provide financing for The Village at Calabasas.

In the last couple of days, there were quite many insider purchases in New Home Company Inc (NYSE:NWHM), Cathey Lowe, Michael Berchtold, Sam Bakhshandehpour and William Witte, director at New Home Company, purchased the shares of the company and now holds 4,750, 28,750, 6,050 and 53,750 shares each.

A couple of months ago, several insiders sliced their holdings in Ralph Lauren Corp (NYSE:RL), amongst them were Steven Murphy, director and Jackwyn Nemerov, President & COO who now holds 4,942 shares and 38,781 shares respectively.

Of all the hedge funds we track, Tony Chedraoui’s Tyrus Capital, is the largest shareholder of Ralph Lauren Corp (NYSE:RL). It initiated a position in the third quarter of 2013 and now holds 110,000 shares worth $18.12 million.

Caerus Global Investors, managed by Ward Davis, is another hedge fund who is bullish on the stock, and boosted its position in the stock by 128% and now holds 23,709 shares.

Recently, Citadel Investment Group boosted its position in RF Micro Devices Inc (NASDAQ:RFMD) to 16.92 million shares by purchasing 8.17 million shares of the company. The fund also boosted its position in Take Two Interactive Software Inc. (NASDAQ:TTWO) to 4.91 million shares from 2.03 million shares held earlier.

Disclosure: none

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